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Business energy costs could be reduced due to solar energy

One quarter of global electricity could be created by solar power by 2050 a new report has claimed.

If the report was to become true it could reduce business electricity charges as suplliers should reduce rates.

The report by the international Energy Agency (IEA) also advised countries to put long term policies into place to support earlier deployment of the energy source as well as sustain inovation technoligies.

Carbon emmissions could be reduced signifactly if solar energy is adopted for electricity.

Eon boss Johannes Teysson has lashed out at politicians for failing to rescue the EU emissions trading system (ETS). Anyone who claims Europe is a pioneer of climate protection "should be ashamed", he told the German daily newspaper Suddeutsche Zeitung.